commercemine

12th | Accounting Ratio | Question No. 1 To 5 | Ts Grewal Solution 2023-2024

Analysis Of Financial Statements

Ts Grewal 2023-2024 for Class 12 Commerce Accountancy

Chapter 4 - Accounting Ratios

Question 1:


From the following compute Current Ratio:

 

 `

 

 

`

Trade Receivable (Sundry Debtors)

7,20,000

 

 Bills Payable

80,000

Prepaid Expenses

1,60,000

 

 Sundry Creditors

4,00,000

Cash and Cash Equivalents

2,00,000

 

 Debentures

16,00,000

Marketable Securities

2,00,000

 

 Inventories

3,20,000

Land and Building

20,00,000

 

 Expenses Payable

3,20,000


Answer:


Current Assets = Trade Receivables + Pre-paid Expenses + Cash and Cash Equivalents + Marketable Securities + Inventories

=  ` 7,20,000+  ` 1,60,000 +  ` 2,00,000 + 2,00,000 + 3,20,000

=  ` 16,00,000

Current Liabilities = Bills Payable + Sundry Creditors + Expenses Payable

=  ` 80,000 + `4,00,000 + ` 3,20,000

=  ` 8,00,000

Current ratio= Current assets/Current liabilities

= 16,00,000/8,00,000

= 2:1

Question 2:


Calculate Current Ratio from the following information:    

Particulars

 `

Particulars

 `

Total Assets

20,00,000

Non-current Liabilities

5,20,000

Fixed Tangible Assets

10,00,000

Non-current Investments

6,00,000

Shareholders'  Funds

12,80,000

 

 

 

 

 

 

 

 

 Answer:


Total Assets = Fixed Tangible Assets + Non - Current Investments + Current Assets
   20,00,000 = 10,00,000 + 6,00,000 + Current Assets
Current Assets = 20,00,000 – 16,00,000 =
 ` 4,00,000
 
Total Assets = Shareholder’s Funds + Non – Current Liabilities + Current Liabilities
20,00,000= 12,80,000  + 5,20,000 + Current Liabilities
Current Liabilities = 20,00,000 – 18,00,000 =
 ` 2,00,000


Page Current ratio= Current assets/Current liabilities=4,00,000/2,00,000=2:1

 

Question 3;


Current Assets `20,00,000, Inventories `10,00,000, Working capital `12,00,000, Calculate Current Ratio.

Answers;


Current liabilities = Current Assets- Working capital

Current liabilities = 20,00,000 - 12,00,000 =8,00,000

Current ratio= Current Assets/ Current liabilities

Current ratio= 20,00,000/8,00,000= 2.5:1

 

Question 4:


Trade Payables  ` 50,000, Working Capital  ` 9,00,000, Current Liabilities  ` 3,00,000. Calculate Current Ratio.

Answer:


Working Capital = Current Assets - Current Liabilities

9,00,000 = Current Assets − 3,00,000

Current Assets = 9,00,000 + 3,00,000 = ` 12,00,000

Current Ratio=CurrentAssets/CurrentLiabilities=12,00,000/3,00,000=4:1

 

Question 5:


Working Capital  `6,00,000,  Total Debt  `27,00,000,  Non-Current liabilities  `24,00,000. Calculate Current Ratio.

Answers;


Current liabilities=Total Debt- Non-Current liabilities 

Current liabilities=27,00,000-24,00,000=3,00,000

Current Assets= Current liabilities+ Working Capital 

Current Assets=3,00,000+6,00,000=9,00,000

Current ratio= Current Assets/ Current liabilities

Current ratio=9,00,000/3,00,000=3:1

 

Ts Grewal Solution 2023-2024

Click below for more Questions

Class 12 / Volume – I

Chapter 3 – Accounting Ratio

Question No. 1 To 5

Question No. 6 To 10

Question No. 11 To 15

Question No. 16 To 20

Question No. 21 To 25

Question No. 26 To 30

Question No. 31 To 35

Question No. 36 To 40

Question No. 41 To 45

Question No. 46 To 50

Question No. 51 To 55

Question No. 56 To 60

Question No. 61 To 65

Question No. 66 To 70

Question No. 71 To 75

Question No. 76 To 80

Question No. 81 To 85

Question No. 86 To 90

Question No. 91 To 95

Question No. 96 To 100

Question No. 101 To 105

Question No. 106 To 110

Question No. 111 To 115

Question No. 116 To 120

Question No. 121 To 125

Question No. 126 To 130

Question No. 131 To 135

Question No. 136 To 140

Question No. 141 To 145

Question No. 146 To 150

Question No. 151 To 155

Question No. 156 To 160

Question No. 161 To 165

Question No. 166 To 170

Question No. 171 To 175

Question No. 176 To 180

Question No. 181 And 182